PerpEquities

Equity · Utilities

Is Southern Company (SO) tradable as a perp? Not yet

Southern Company is a US energy utility producing, transmitting, and distributing electricity, and distributing natural gas in several states, serving about 8.7 million customers.

Not yet listed on any perp exchange

No perpetual-futures venue lists SO yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NYSE:SO

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Company data

Company fundamentals

Updated 1h ago
Market cap
$98.4B
Updated 1h ago
Revenue
$30.2B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+15.4%
P/E
20.5
Peer P/E 7.4
Free cash flow
$2.6B
Trailing 12 months
More metrics
Net income
$4.7B
Trailing 12 months
P/S
3.3
Peer P/E
7.4
Similar listed perps
Revenue estimate
$30.6B
Next fiscal year
Earnings
2026-10-29
Revenue est. $8.3B · Updated 1h ago
Dividend
$0.76
2026-08-17

Fundamental detail

Annual + quarterly
Latest revenue$29.6B
Net margin+14.7%
Free cash flow-$2.9B
Net debt$72.4B
2020$20.4B
2021$23.1B
2022$29.3B
2023$25.3B
2024$26.7B
2025$29.6B
PeriodRevenueGrowthNet incomeFCF
2020$20.4B-5%$3.1B-$745M
2021$23.1B+13%$2.4B-$1.1B
2022$29.3B+27%$3.5B-$1.6B
2023$25.3B-14%$4B-$1.5B
2024$26.7B+6%$4.4B$833M
2025$29.6B+11%$4.3B-$2.9B
PeriodGross marginOperating marginNet marginROEROA
2020+48.6%+24.0%+15.4%+11.1%+2.5%
2021+44.3%+16.0%+10.4%+8.5%+1.9%
2022+36.3%+18.3%+12.1%+11.6%+2.6%
2023+46.4%+23.1%+15.7%+12.6%+2.9%
2024+49.9%+26.4%+16.5%+13.3%+3.0%
2025+29.8%+24.6%+14.7%+12.1%+2.8%
PeriodCashDebtNet debtCurrent ratio
2020$1.1B$51B$50B0.71
2021$1.8B$55.5B$53.7B0.82
2022$1.9B$59.1B$57.2B0.66
2023$748M$63.5B$62.7B0.77
2024$1.1B$66.3B$65.2B0.67
2025$1.6B$74.1B$72.4B0.65
PeriodMarket capEnterprise valueP/SP/E
2020$65B$115B3.220.8
2021$72.8B$126.4B3.130.3
2022$76.8B$134B2.621.8
2023$77.4B$140.1B3.119.5
2024$90.2B$155.4B3.420.5
2025$96.2B$168.6B3.322.1
Q3 2024$7.3B
Q4 2024$6.3B
Q1 2025$7.8B
Q2 2025$7B
Q3 2025$7.8B
Q4 2025$7B
Q1 2026$8.4B
Q2 2026$7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$7.3B+4%$1.5B$1.1B
Q4 2024$6.3B+5%$534M-$764M
Q1 2025$7.8B+17%$1.3B-$1.2B
Q2 2025$7B+8%$880M-$755M
Q3 2025$7.8B+8%$1.7B$384M
Q4 2025$7B+10%$416M-$1.7B
Q1 2026$8.4B+8%$1.4B-$1.7B
Q2 2026$7B0%$1.2B$5.6B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+54.3%+32.6%+21.1%+4.6%+1.1%
Q4 2024+42.0%+16.7%+8.4%+1.6%+0.4%
Q1 2025+48.1%+25.9%+17.2%+3.9%+0.9%
Q2 2025+50.1%+25.3%+12.6%+2.6%+0.6%
Q3 2025+55.0%+33.2%+21.9%+4.9%+1.1%
Q4 2025+18.8%+13.0%+6.0%+1.2%+0.3%
Q1 2026+46.5%+24.0%+16.1%+3.7%+0.9%
Q2 2026+51.3%+25.5%+16.8%+3.0%+0.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1B$65.1B$64.1B0.91
Q4 2024$1.1B$66.3B$65.2B0.67
Q1 2025$2.3B$70.1B$67.8B0.86
Q2 2025$1.3B$70.8B$69.6B0.74
Q3 2025$3.3B$73.7B$70.4B0.75
Q4 2025$1.6B$74.1B$72.4B0.65
Q1 2026$981M$76B$75B0.65
Q2 2026$3B$77.1B$74.1B0.79
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$98.9B$163B13.616.1
Q4 2024$90.4B$155.6B14.342.0
Q1 2025$101.1B$168.9B13.019.0
Q2 2025$101B$170.6B14.528.7
Q3 2025$104.4B$174.8B13.315.3
Q4 2025$96.2B$168.6B13.857.4
Q1 2026$108.5B$183.5B12.919.9
Q2 2026$108.8B$182.9B15.623.2

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$7BQ2 2026
$2.1B$4.2B$6.3B$8.4BQ3 2023: $7BQ4 2023: $6BQ1 2024: $6.6BQ2 2024: $6.5BQ3 2024: $7.3BQ4 2024: $6.3BQ1 2025: $7.8BQ2 2025: $7BQ3 2025: $7.8BQ4 2025: $7BQ1 2026: $8.4BQ2 2026: $7BQ3 2023Q2 2026
Net income$1.2BQ2 2026
$427.8M$855.5M$1.3B$1.7BQ3 2023: $1.4BQ4 2023: $855MQ1 2024: $1.1BQ2 2024: $1.2BQ3 2024: $1.5BQ4 2024: $534MQ1 2025: $1.3BQ2 2025: $880MQ3 2025: $1.7BQ4 2025: $416MQ1 2026: $1.4BQ2 2026: $1.2BQ3 2023Q2 2026
EBITDA$3.2BQ2 2026
$1.1B$2.1B$3.2B$4.3BQ3 2023: $3.6BQ4 2023: $2.7BQ1 2024: $3.2BQ2 2024: $3.5BQ3 2024: $3.9BQ4 2024: $2.6BQ1 2025: $3.7BQ2 2025: $3.5BQ3 2025: $4.3BQ4 2025: $2.8BQ1 2026: $3.9BQ2 2026: $3.2BQ3 2023Q2 2026
Free cash flow$5.6BQ2 2026
$110.3M$1.9B$3.8B$5.6BQ3 2023: $177MQ4 2023: -$721MQ1 2024: -$597MQ2 2024: $419MQ3 2024: $1.1BQ4 2024: -$764MQ1 2025: -$1.2BQ2 2025: -$755MQ3 2025: $384MQ4 2025: -$1.7BQ1 2026: -$1.7BQ2 2026: $5.6BQ3 2023Q2 2026
EPS$1.03Q2 2026
$0.39$0.77$1.16$1.54Q3 2023: $1.29Q4 2023: $0.78Q1 2024: $1.03Q2 2024: $1.09Q3 2024: $1.39Q4 2024: $0.48Q1 2025: $1.21Q2 2025: $0.8Q3 2025: $1.54Q4 2025: $0.37Q1 2026: $1.2Q2 2026: $1.03Q3 2023Q2 2026
Cash / Debt$3BQ2 2026
$19.3B$38.5B$57.8B$77.1BQ3 2023 · Cash: $1.7BQ3 2023 · Debt: $62.3BQ4 2023 · Cash: $748MQ4 2023 · Debt: $63.5BQ1 2024 · Cash: $713MQ1 2024 · Debt: $65.2BQ2 2024 · Cash: $1.2BQ2 2024 · Debt: $65.5BQ3 2024 · Cash: $1BQ3 2024 · Debt: $65.1BQ4 2024 · Cash: $1.1BQ4 2024 · Debt: $66.3BQ1 2025 · Cash: $2.3BQ1 2025 · Debt: $70.1BQ2 2025 · Cash: $1.3BQ2 2025 · Debt: $70.8BQ3 2025 · Cash: $3.3BQ3 2025 · Debt: $73.7BQ4 2025 · Cash: $1.6BQ4 2025 · Debt: $74.1BQ1 2026 · Cash: $981MQ1 2026 · Debt: $76BQ2 2026 · Cash: $3BQ2 2026 · Debt: $77.1BQ3 2023Q2 2026
CashDebt
Profitability+51.3%Q2 2026
+13.8%+27.5%+41.3%+55.0%Q3 2023 · Gross margin: +53.8%Q4 2023 · Gross margin: +41.2%Q1 2024 · Gross margin: +48.8%Q2 2024 · Gross margin: +53.9%Q3 2024 · Gross margin: +54.3%Q4 2024 · Gross margin: +42.0%Q1 2025 · Gross margin: +48.1%Q2 2025 · Gross margin: +50.1%Q3 2025 · Gross margin: +55.0%Q4 2025 · Gross margin: +18.8%Q1 2026 · Gross margin: +46.5%Q2 2026 · Gross margin: +51.3%Q3 2023 · Operating margin: +30.2%Q4 2023 · Operating margin: +20.0%Q1 2024 · Operating margin: +25.6%Q2 2024 · Operating margin: +30.0%Q3 2024 · Operating margin: +32.6%Q4 2024 · Operating margin: +16.7%Q1 2025 · Operating margin: +25.9%Q2 2025 · Operating margin: +25.3%Q3 2025 · Operating margin: +33.2%Q4 2025 · Operating margin: +13.0%Q1 2026 · Operating margin: +24.0%Q2 2026 · Operating margin: +25.5%Q3 2023 · Net margin: +20.4%Q4 2023 · Net margin: +14.1%Q1 2024 · Net margin: +17.0%Q2 2024 · Net margin: +18.6%Q3 2024 · Net margin: +21.1%Q4 2024 · Net margin: +8.4%Q1 2025 · Net margin: +17.2%Q2 2025 · Net margin: +12.6%Q3 2025 · Net margin: +21.9%Q4 2025 · Net margin: +6.0%Q1 2026 · Net margin: +16.1%Q2 2026 · Net margin: +16.8%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+0.1%Q2 2026
+4.2%+8.5%+12.7%+17.0%Q3 2024: +4.2%Q4 2024: +4.9%Q1 2025: +17.0%Q2 2025: +7.9%Q3 2025: +7.5%Q4 2025: +10.1%Q1 2026: +8.0%Q2 2026: +0.1%Q3 2023Q2 2026
Shares outstanding1.1BQ2 2026
285.3M570.5M855.8M1.1BQ3 2023: 1.1BQ4 2023: 1.1BQ1 2024: 1.1BQ2 2024: 1.1BQ3 2024: 1.1BQ4 2024: 1.1BQ1 2025: 1.1BQ2 2025: 1.1BQ3 2025: 1.1BQ4 2025: 1.1BQ1 2026: 1.1BQ2 2026: 1.1BQ3 2023Q2 2026
Valuation23.2Q2 2026
14.328.743.057.4Q3 2023 · P/E: 12.4Q4 2023 · P/E: 22.5Q1 2024 · P/E: 17.3Q2 2024 · P/E: 17.5Q3 2024 · P/E: 16.1Q4 2024 · P/E: 42.0Q1 2025 · P/E: 19.0Q2 2025 · P/E: 28.7Q3 2025 · P/E: 15.3Q4 2025 · P/E: 57.4Q1 2026 · P/E: 19.9Q2 2026 · P/E: 23.2Q3 2023 · P/S: 10.1Q4 2023 · P/S: 12.7Q1 2024 · P/S: 11.7Q2 2024 · P/S: 13.1Q3 2024 · P/S: 13.6Q4 2024 · P/S: 14.3Q1 2025 · P/S: 13.0Q2 2025 · P/S: 14.5Q3 2025 · P/S: 13.3Q4 2025 · P/S: 13.8Q1 2026 · P/S: 12.9Q2 2026 · P/S: 15.6Q3 2023Q2 2026
P/EP/S
Revenue$29.6B2025
$7.4B$14.8B$22.2B$29.6B2018: $23.5B2019: $21.4B2020: $20.4B2021: $23.1B2022: $29.3B2023: $25.3B2024: $26.7B2025: $29.6B20182025
Net income$4.3B2025
$1.2B$2.4B$3.6B$4.8B2018: $2.2B2019: $4.8B2020: $3.1B2021: $2.4B2022: $3.5B2023: $4B2024: $4.4B2025: $4.3B20182025
EBITDA$14.3B2025
$3.6B$7.2B$10.8B$14.3B2018: $8.1B2019: $11.6B2020: $9.2B2021: $8.4B2022: $10.3B2023: $11.8B2024: $13.2B2025: $14.3B20182025
Free cash flow-$2.9B2025
-$2B-$1.1B-$109M$833M2018: -$1.1B2019: -$1.8B2020: -$745M2021: -$1.1B2022: -$1.6B2023: -$1.5B2024: $833M2025: -$2.9B20182025
EPS$3.922025
$1.13$2.25$3.38$4.52018: $2.152019: $4.52020: $2.952021: $2.262022: $3.262023: $3.622024: $3.992025: $3.9220182025
Cash / Debt$1.6B2025
$18.5B$37B$55.6B$74.1B2018 · Cash: $1.4B2018 · Debt: $46.8B2019 · Cash: $2B2019 · Debt: $48.7B2020 · Cash: $1.1B2020 · Debt: $51B2021 · Cash: $1.8B2021 · Debt: $55.5B2022 · Cash: $1.9B2022 · Debt: $59.1B2023 · Cash: $748M2023 · Debt: $63.5B2024 · Cash: $1.1B2024 · Debt: $66.3B2025 · Cash: $1.6B2025 · Debt: $74.1B20182025
CashDebt
Profitability+29.8%2025
+12.5%+25.0%+37.4%+49.9%2018 · Gross margin: +40.9%2019 · Gross margin: +44.8%2020 · Gross margin: +48.6%2021 · Gross margin: +44.3%2022 · Gross margin: +36.3%2023 · Gross margin: +46.4%2024 · Gross margin: +49.9%2025 · Gross margin: +29.8%2018 · Operating margin: +17.8%2019 · Operating margin: +36.1%2020 · Operating margin: +24.0%2021 · Operating margin: +16.0%2022 · Operating margin: +18.3%2023 · Operating margin: +23.1%2024 · Operating margin: +26.4%2025 · Operating margin: +24.6%2018 · Net margin: +9.5%2019 · Net margin: +22.2%2020 · Net margin: +15.4%2021 · Net margin: +10.4%2022 · Net margin: +12.1%2023 · Net margin: +15.7%2024 · Net margin: +16.5%2025 · Net margin: +14.7%20182025
Gross marginOperating marginNet margin
Revenue growth+10.6%2025
-3.6%+6.5%+16.6%+26.7%2019: -8.8%2020: -4.9%2021: +13.4%2022: +26.7%2023: -13.8%2024: +5.8%2025: +10.6%20182025
Shares outstanding1.1B2025
277.3M554.5M831.8M1.1B2018: 1B2019: 1.1B2020: 1.1B2021: 1.1B2022: 1.1B2023: 1.1B2024: 1.1B2025: 1.1B20182025
Valuation22.12025
7.615.222.830.32018 · P/E: 20.42019 · P/E: 14.22020 · P/E: 20.82021 · P/E: 30.32022 · P/E: 21.82023 · P/E: 19.52024 · P/E: 20.52025 · P/E: 22.12018 · P/S: 1.92019 · P/S: 3.12020 · P/S: 3.22021 · P/S: 3.12022 · P/S: 2.62023 · P/S: 3.12024 · P/S: 3.42025 · P/S: 3.320182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.59$30.6B+4%13
FY 20274.93$32.4B+10%13
FY 20285.38$34.6B+17%4
FY 20295.77$36.5B+24%1
FY 20306.19$38.9B+32%1
Q1 20291.60$8.5B+1%2

Company events

6
2026-10-29EarningsActual - / Estimate 1.65-
2026-08-17Dividend$0.76-
2026-07-30EarningsActual 1.13 / Estimate 1.01Beat
2026-05-18Dividend$0.76-
2026-04-30EarningsActual 1.32 / Estimate 1.21Beat
2026-02-19EarningsActual 0.55 / Estimate 0.56Miss

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
CEG$91.5B2.924.8+11.1%3VST$47.4B3.023.5+13.9%14NEE$167.9B5.818.0+32.0%3OKLO$6.6B5,464.2-40.0-12,625.5%6FRMI$3.2B--3.60.0%1SMR$2.5B78.2-3.2-3,888.7%2FLNC$1.4B0.5-12.2-3.1%17GEV$250.4B6.126.7+23.0%13

Analyst track record

How the analysts covering SO have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings103246
Analysts2427
Buy / hold / sell25 / 64 / 1477 / 142 / 27
Upgrades / downgrades / initiations4 / 8 / 58 / 13 / 7
Price targets hit / missed6 / 84 (7%)77 / 146 (35%)
Avg. return after a rating (TipRanks)-11.0%-1.9%
Best / worst call+92.8% / -23.9%+92.8% / -23.9%

After buy calls on this stock: median 21-day move -1.0% vs S&P 500 -3.2% (n = 79)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Andrew WeiselScotiabank100% hit rate on this stock · 14 targets measuredHoldtarget $103Feb 20, 2026
  2. James ThalackerBMO Capital82% hit rate on this stock · 11 targets measuredBuytarget $104Aug 28, 2026
  3. Jeremy TonetJ.P. Morgan82% hit rate on this stock · 11 targets measuredHoldtarget $101Aug 19, 2026

Latest ratings

DateAnalystCallTarget
Sep 18, 2026David ArcaroMorgan StanleySellReiterated$85.00article ↗
Aug 28, 2026James ThalackerBMO CapitalBuyReiterated$104article ↗
Aug 21, 2026David ArcaroMorgan StanleySellReiterated$89.00article ↗
Aug 20, 2026Carly DavenportGoldman SachsHoldMaintained$103article ↗
Aug 19, 2026Jeremy TonetJ.P. MorganHoldMaintained$101article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$86.00$88.00$90.00$92.00$94.00$96.00$98.00$100$102Oct 25 · Buy 7 · Hold 14 · Sell 1Oct 25Nov 25 · Buy 5 · Hold 15 · Sell 1Dec 25 · Buy 4 · Hold 15 · Sell 2Dec 25Jan 26 · Buy 4 · Hold 13 · Sell 3Feb 26 · Buy 5 · Hold 14 · Sell 2Feb 26Mar 26 · Buy 6 · Hold 14 · Sell 1Apr 26 · Buy 5 · Hold 14 · Sell 1Apr 26May 26 · Buy 7 · Hold 14 · Sell 1Jun 26 · Buy 7 · Hold 12 · Sell 1Jun 26Jul 26 · Buy 7 · Hold 12 · Sell 2Aug 26 · Buy 7 · Hold 10 · Sell 2Aug 26Sep 26 · Buy 5 · Hold 10 · Sell 2Oct 25 · avg. target $102Nov 25 · avg. target $101Dec 25 · avg. target $94.08Jan 26 · avg. target $93.50Feb 26 · avg. target $100Mar 26 · avg. target $101Apr 26 · avg. target $102May 26 · avg. target $102Jun 26 · avg. target $103Jul 26 · avg. target $102Aug 26 · avg. target $101Sep 26 · avg. target $99.86Oct 25 · month-end close $94.04Nov 25 · month-end close $91.12Dec 25 · month-end close $87.20Jan 26 · month-end close $89.31Feb 26 · month-end close $97.38Mar 26 · month-end close $96.52Apr 26 · month-end close $96.70May 26 · month-end close $92.05Jun 26 · month-end close $95.71Jul 26 · month-end close $94.54Aug 26 · month-end close $88.00Sep 26 · month-end close $86.76

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 103 ratings